Colorado Statutes
§ 32-11-531 — Securities constituting indebtedness
(1)Any outstanding
general obligation bonds, any temporary general obligation bonds to be exchanged
for such definitive bonds, and any general obligation interim debentures constitute
outstanding indebtedness of the district and exhaust the debt-incurring power of
the district under the debt limitation pertaining thereto in section 32-11-534.
(2)Any general obligation notes and general obligation warrants shall be
issued within budget limitations and unencumbered appropriations and shall not
constitute indebtedness.
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Legislative History
Source: L. 69: p. 772, � 73. C.R.S. 1963: � 89-21-73.
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§ 32-1-1001
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